US national debt just surpassed the size of the entire economy for the first time since World War II.
Public debt: $31.27T
GDP: $31.22T
The math is broken. The endgame is obvious.
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Is that good?
Depends on your definition of good. 🧐😬
The debt-to-GDP ratio hit 100% in 2012 and has stayed above since then - this isn't actually the first time since WWII. The real inflection point was when interest payments started consuming 15%+ of federal revenue, making the debt self-reinforcing regardless of primary spending discipline.